Industry Articles

  • 08 Apr 2022 11:58 AM
    Reply # 12700024 on 10445963
    Anonymous

    Arbitration Clauses in Leasing Article by our very own Peter Pokorny of Real Estate Counselors


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  • 08 Apr 2022 11:50 AM
    Reply # 12700019 on 10445963

    HI there, I had a loan request today that included down payment assistance from the DC Commercial Property Acquisition Fund, which provides up to 25% or $750K on an owner-occupied deal.  Please note their definition of OOCRE is 25% occupancy; your mileage may vary.  

    Anyway, if you have prospective owner-user buyers in the District with good cash flow, currently paying high rent, but want to own, they should check out this program before the funds are gone.  Commercial Property Acquisition Fund

    Then call me for the financing part!  As long as we can run cash flow, I can get a terms sheet in three business days.  michael.a.metz@truist.com 

    I hope this helps win some deals, thanks! 

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  • 08 Apr 2022 11:41 AM
    Reply # 12700011 on 10445963
    Anonymous

    Phase I Environmental Site Assessments & Transaction Screen Assessments Article by Ed Donofrio of Donofrio & Associates

    When purchasing a building, existing or previous environmental conditions can be a major liability to the current owner and future owner. If there are Recognized Environmental Conditions (RECs) associated with a property, the financial liability to remediate can be enormous. A Recognized Environmental Condition (REC) is a current or previous release of petroleum products or hazardous waste.


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    Last modified: 08 Apr 2022 11:43 AM | Anonymous
  • 08 Apr 2022 11:35 AM
    Reply # 12700008 on 10445963
    Anonymous

    Avoid Post-Closing Problems Article by Joe Serafin of Serafin Real Estate

    Commercial real estate investors, whether sellers or buyers, want to avoid post-closing problems. This article discusses common problems and how to avoid them.


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    Last modified: 08 Apr 2022 11:55 AM | Anonymous
  • 12 Jul 2021 10:08 AM
    Reply # 10745964 on 10445963
    Anonymous

    Article by Joe Serafin of Serafin Real Estate

    Summary

    2021's CRE market is recovering from 2020's COVID-19 impact. The national picture and that of our Metro District both indicate the recovery will continue through this year and into 2022. Read more 

    Last modified: 12 Jul 2021 10:08 AM | Anonymous
  • 06 May 2021 10:36 AM
    Reply # 10448105 on 10445963
    Anonymous

    Article by our very own Peter Pokorny of Real Estate Counselors

    Overview

    Many construction projects are documented using an “AIA” form drafted by the American Institute of Architects. AIA forms are widely recognized as the industry standard. AIA documents, however, primarily protect and focus on issues that concern contractors and architects. It is critical that an owner using an AIA contract thoroughly review and negotiate the construction contract to ensure its expectations are met and that any issues and disputes are resolved fairly. We refer to the party that hires the contractor as the “Owner” though they could be a tenant. This article provides a broad overview of some of various types of AIA construction contracts and how they are structured.

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    Last modified: 06 May 2021 10:49 AM | Anonymous
  • 05 May 2021 6:22 PM
    Message # 10445963
    Anonymous

    Article by our very own Peter Pokorny 

    Overview

    Many construction projects are documented using an “AIA” form drafted by the American Institute of Architects. AIA forms are widely recognized as the industry standard. AIA documents, however, primarily protect and focus on issues that concern contractors and architects. It is critical that an owner using an AIA contract thoroughly review and negotiate the construction contract to ensure its expectations are met and that any issues and disputes are resolved fairly. As we did previously, we refer to the party that hires the contractor as the “Owner” though they could be a tenant. Our last article provided an broad overview of some of various types of AIA construction contracts and how they are structured.  In this article, we focus on one of the more widely used forms used in AIA Construction Contracts entitled “General Conditions of the Contract for Construction,” or more commonly known as the “General Conditions” or “A201.”


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    Last modified: 08 Apr 2022 11:42 AM | Anonymous
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